EURNZD - Short term - We look to Buy at 1.7478 (market) (stop at 1.7439)
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
Daily pivot is at 1.7470.
We look to buy dips.
Dip buying offers good risk/reward.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 1.7579 and 1.7626
Resistance: 1.7600 / 1.7650 / 1.7670
Support: 1.7540 / 1.7470 / 1.7450
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
Daily pivot is at 1.7470.
We look to buy dips.
Dip buying offers good risk/reward.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 1.7579 and 1.7626
Resistance: 1.7600 / 1.7650 / 1.7670
Support: 1.7540 / 1.7470 / 1.7450
Trade closed: target reached
Take Profit was reached at 1.7579.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.